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SunSirs: Following the Gasoline Market, MTBE Market Price Rises
June 01 2020 10:26:08SunSirs(Selena)

The international crude oil is relatively high, the gasoline market demand is good, the market price is rising, and the domestic MTBE market follows the gasoline market up. According to the data of SunSirs, the price of MTBE last weekend was 3,666 RMB/ ton, 1.85% higher than that of the previous week.

With the further increase of temperature in summer, gasoline terminal consumption will still perform vigorously. Meanwhile, in June, there will be more orders for the main gasoline purchased from outside. The gasoline delivery of refineries will be smooth, the raw material procurement of middlemen will be more active, and the overall transaction atmosphere of MTBE market will perform well, which will push the manufacturers up actively. However, in the middle of last week, there was a part of low-priced trade source impact on the market, and then MTBE market price rebounded upward again.

This week, there will be cooling weather in the north and south, and gasoline demand will fall for a short time, which is expected to drive the MTBE market price down for a short time.

 

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